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GBP/USD: POUND IS UNDER STRONG RESISTANCE 07:17 17.04.2017 Technical levels: support – 1.2530; resistance – 1.2550, 1.2590. Trade recommendations: 1. Sell — 1.2550; SL — 1.2570; TP1 — 1.2430; TP2 — 1.2400. Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a golden cross of...

EUR/USD: EURO SUPPORTED BY SENKOU SPAN B 07:12 17.04.2017 Technical levels: support – 1.0600; resistance – 1.0660, 1.0715. Trade recommendations: 1. Buy — 1.0620; SL — 1.0600; TP1 — 1.0660; TP2 – 1.0715. Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden...

GBP/USD: POUND IS A BIT CRAMPED ON THE LEDGE 06:52 17.04.2017 On the GBP/USD daily chart, the realization of "Splash and ledge" pattern on the basis of 1-2-3 continues. If quotes go beyond the consolidation range 1.237-1.258 it will be a signal for the opening positions. Resistances at...

GBP/USD: POUND IS A BIT CRAMPED ON THE LEDGE 06:52 17.04.2017 On the GBP/USD daily chart, the realization of "Splash and ledge" pattern on the basis of 1-2-3 continues. If quotes go beyond the consolidation range 1.237-1.258 it will be a signal for the opening positions. Resistances at...

EUR/JPY: EURO'S PRECIPITOUS DOWNFALL 06:49 17.04.2017 On the EUR/JPY daily chart, quotes fell to the lowest level since November 2016. The previously set targets on short positions have been fulfilled. A successful test of 114.56 will increase the odds of fulfilling the target 88.6% in the Bat...

EUR/USD: "DOUBLE TOP" STILL PUSHING PRICE LOWER 06:29 17.04.2017 The main trend is still bearish. The price faced a support at 1.0600, so there’s a developing upward correction. Nevertheless, the market is likely going to reach the next support at 1.0571 in the short term. If a pullback from...

GBP/USD: MOVING AVERAGE WAITING FOR BEARS 06:34 17.04.2017 The price faced a support at 1.2506, so there’s a consolidation, which is taking place on the four-hours chart. Therefore, the pair is likely going to test the 34 Moving Average, which could be a departure point for an upward...

MORNING BRIEF FOR APRIL 17 06:24 17.04.2017 Sleeping Forex – the Land of Nod…The market was too sleepy to start this week with major trading centers still closed for a holiday on Monday. Markets are braced for more geopolitical tensions over North Korea, after its failure to launch a ballistic...

EUR/JPY: euro's precipitous downfall 4/17/2017 On the EUR/JPY daily chart, quotes fell to the lowest level since November 2016. The previously set targets on short positions have been fulfilled. A successful test of 114.56 will increase the odds of fulfilling the target 88.6% in the Bat...

GBP/USD: pound is a bit cramped on the ledge 4/17/2017 On the GBP/USD daily chart, the realization of "Splash and ledge" pattern on the basis of 1-2-3 continues. If quotes go beyond the consolidation range 1.237-1.258 it will be a signal for the opening positions. Resistances at 1.256-1.2575...

Key option levels for Friday, April 14th 4/14/2017 If you have any questions or requests fill out the feedback form. EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest - 344 590 ? - 470 131 ? Closest resistance levels...

NZD/USD: kiwi came to the Rubicon 4/14/2017 On the NZD/USD daily chart, quotes are moving within the downward trading channel. A break of its upper border can lead to the correction towards 0.707 and higher. In contrast, if the "bears" manage to keep the New Zealand dollar below the...

EUR/USD: bears are preparing for breakout 4/14/2017 On the EUR/USD daily chart, quotes returned to the border of the upward trading channel. There is the diagonal support. If the bears manage to test it, the update of the April low will open the way towards 1.046 and 1.0405. To regain control...

Key option levels for Thursday, April 13th 4/13/2017 If you have any questions or requests fill out the feedback form. EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 33 346 ↑ + 436 130 ↑ Closest resistance levels...

USD/CAD: shakeout-fakeout pattern has been realized 4/13/2017 On the USD/CAD chart, a successful attack on the diagonal support in the form of the lower border of the upward trading channel activated the Gartley pattern with a target 78.6%. The convergence zone is located near 1.31. The nearest...

Gold: bulls are working hard 4/13/2017 On the daily chart of gold, the bulls updated February high and tested the diagonal resistance in the form of the upper boundary of the downward trading channel. As a result, the AB = CD pattern was activated. Its targets are located near $1286 (127.2%)...

Key option levels for Wednesday, April 12th 4/12/2017 If you have any questions or requests fill out the feedback form. EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 62 621 ? + 399 662 ? Closest resistance levels...

AUD/USD: bears are playing with Crab 4/12/2017 On the AUD/USD daily chart, an intermediate 113% target in the "Crab" pattern has been fulfilled. There is a continuation of the downward movement. The targets are located near 0.7415 and 0.731. Bulls can get their own back only in case of a...

USD/JPY: bears sweep away all obstacles 4/12/2017 On the USD/JPY daily chart, the quotes moved beyond the consolidation range of 110.2-111.55. The realization of the AB = CD continues. Its target is located at 200% level of the BC wave (107.5). To hit this level, the bears will have to break...

Key option levels for Tuesday, April 11th 4/11/2017 If you have any questions or requests fill out the feedback form. EUR/USD Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest - 4 226 ? + 3 136 ? Closest resistance levels 1.0593...